What do you mean by OLTAS challan?
OLTAS, or Online Tax Accounting System, is the initiative of the Income Tax Department. It is a system for collecting, accounting, and reporting of receipts and payments of direct taxes both online and through a network of bank branches.It is for all types of taxpayers.
What is OLTAS Challan?
Challans are the prescribed forms used for making tax payments. Different challans have been prescribed depending upon the nature of tax payments. For eg
- Challan 280 is for payment of income tax (advance tax, self-assessment tax etc)
- Challan 281 is for making payment of TDS or TCS
- Form 26QB is for making tax payments for TDS deducted on the sale of property, etc.
Can the OLTAS challan be submitted online?
For making payment of taxes, a prescribed document known as challan needs to be filled. It is available at
- Income tax department
- Banks
- Online
And the payment can be made either
For making online payments, one needs to have net banking or debit cards from authorized banks.
You can submit the hard copies of the OLTAS challan together with the amount payable at physical bank counters.
Which things are required to be considered while making the OLTAS Challan payment?
Following things should be taken care of while filling up the OLTAS challan, such as
- Selection of the correct head of tax payment
- Precaution while selecting the mode of payment
- Proper attention at the time of entering the amount
- Nature of the payment selected should be cross-checked
- Assessment year should be correctly selected
- PAN and TAN details of the deductor should be entered correctly
How to view OLTAS challan status on TRACES?
To view the OLTAS challan on TRACES, you need to
Step#1 Do the OLTAS login at the TRACES website. Enter the requisite user id, PAN/TAN, password, etc.
Step#2 Go to Statements or Payments Menu and Click on Challan Status.
Step#3 Select CIN or BIN.
Step#4
- Get the OLTAS Challan details by choosing the ‘Period of Payment’ option under the head- Challan Identification Number (CIN), as shown in the image below.
The results will appear. Also, any unused balance available will be shown against the challan details it belongs to.
- (ii) Or one can get the OLTAS Challan details by choosing the ‘CIN/BIN Particulars’ option under the head- Challan Identification Number (CIN) as shown in the image below.
It shows the challan details and challan consumption details with the available amount (Rs.). One can get the Date of Deposit, Challan serial number, OLTAS challan status, and important OLTAS challan status enquiry in detail.
- Or one can receive the OLTAS Challan details by choosing the ‘Period of Payment’ option under the head- (Book Identification Number) (BIN) as shown in the image below.
Simply, input the Transfer Voucher Date slot that you want to discover. It will end up resulting Transfer Voucher Date with Claimed or Unclaimed Status and DDO serial number, respectively.
- Or get the OLTAS Challan details by choosing the ‘CIN/BIN Particulars’ option under the head- (Book Identification Number) (BIN) as shown in the image below.
What is the difference between Claimed and Unclaimed under OLTAS challan status?
In the context of Online Tax Accounting System (OLTAS) in India, the terms "Claimed" and "Unclaimed" refer to the status of tax payments made through challans. Here's the difference between these two statuses:
Claimed:
- Claimed status means that the tax payment made through a specific challan has been successfully acknowledged and utilized by the relevant government authority for the intended purpose. In other words, the tax amount you paid has been recognized, processed, and used to fulfill your tax liability or obligation.
Unclaimed:
- Unclaimed status, on the other hand, indicates that the tax payment made through a particular challan has not been utilized or claimed by the government authority for the intended purpose. This could occur for various reasons, such as administrative delays, data entry errors, or other issues on the government's end.
In practical terms, if you see "Claimed" next to a particular challan in your OLTAS status, it means that the tax payment you made through that challan has been successfully processed and used by the government. Conversely, if you see "Unclaimed," it indicates that the payment has not been utilized as of the current status update.
If you notice an "Unclaimed" status for a challan that you believe should have been utilized, it's advisable to contact the relevant tax authority or department to inquire about the issue and seek resolution. They can provide information on the specific reasons for the unclaimed status and help you address any discrepancies or concerns.
What does the “Challan Consumption Details” table mean?
It is a table showing the various transactions when a specific challan was claimed/consumed. The following information can be extracted from this table of challan consumption
| Challan Consumption Table |
Status of Challan |
| Amount Claimed = Challan Balance available |
Fully Consumed |
| Amount Claimed < Challan Balance available |
Partially Consumed |
| Amount Claimed = 0 |
Matched |
| Amount Claimed > Challan Balance available |
Over Booked |
What does Challan Status Query for Statements mean?
By providing the
- Financial Year
- Quarter and
- Form Type
Deductor can view particulars of all the challans that have been used in the TDS return/statement for the period.
No communication to the Jurisdictional Assessing Officer is required to be made in case of wrong selection of section code by the tax depositor. The CPC-TDS considers the nature of payment on the basis of TDS returns and not on the basis of challan particulars.
Even if you so wish to amend the details of the challan, it is suggested to file a correction statement through OLTAS.
Can a single challan be filed for different TDS challan payment?
Yes, a single challan can be filed for TDS payments to be made under different section. The nature of payment in an OLTAS challan can have multiple selections.
While submitting challan for TDS, which subhead shall be selected?
At the time of filling up TDS challan payment i.e. challan 281 select Minor head – 400.
How can the deductee row be moved from one challan to another?
Deductor can make a correction using the service‘ Request for Correction’ on traces. A deductee row can be moved from one challan to another within a quarter if the balance is available. In case the challan is not available in the same quarter or return, changes in respect of the same are first required to be done. After that, deductee rows can be moved from one challan, i.e., overbooked challan, to another challan.
How can I check the authorized banks on OLTAS?
To check the list of authorized banks, you are required to first visit www.Tin-nsdl.com. Now, under the services tab, select OLTAS. Further, select the icon of bank branches. A page will open up; click on the state and select the location for which you want to check available bank branches. A list of all authorized banks in the region will open up.
Will I get some receipts for submitting the challan to the bank?
The authorized bank will put a stamp as a token of acknowledgment of the tax amount on the challan. You should take two copies of the printed challan and get both acknowledged to be preserved for future reference. The rubber stamp affixed indicates a unique CIN (Challan Identification Number). CIN is a 20-digit number. It comprises
- 7 digits of BSR code
- Date of deposit and
- 5 digits of challan serial number
CIN is unique throughout the country and hence is used for identification purposes of the challan.
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